About XERO

XERO AT A GLANCE

Virtual CFO are pleased to announce that we have partnered with Xero Accounting Software. Xero is the leader in cloud accounting with over 500 staff, $140m in funding, 193,000 paying businesses and 200+ integrated apps and recommended by thousands of accountants worldwide. With Xero, financial data and documents are stored in the cloud. Instead of transferring data files and worrying about the integrity of your data, Virtual CFO and you our customer, can both login to see the same set of data any day, any time or any where thus enhancing the level of support we at Virtual CFO can provide you our clients.

Xero is an emerging leader of online accounting software that connects small businesses to their advisors and other services. Xero provides business owners with real-time visibility of their financial position in a way that’s simple, smart and secure.

Xero operates on a single ledger platform, allowing the adviser and client to view and work on the same data in real time in the cloud. This single ledger platform has changed the game for accountants so they now can provide real solutions for business clients and become what’s known as a “trusted adviser”.

The company was founded in July 2006 and has over 200,000 paying customers in more than 100 countries around the world. It is listed on the Australian Securities Exchange (ASX) and is one of the top 20 companies on the New Zealand Stock Exchange (NZX).

QUICK FACTS

75,000 paying customers in Australia, August 2013

200,000 total paying customers, August 2013

176% revenue growth YoY AU revenue growth for year ended 31/3/13

90 staff across six states (Melbourne (HQ), Sydney, Brisbane, Canberra, Perth and Adelaide)

275 add-on applications

AWARDS

2013 AIIA iAwards in the Financial Innovation for Xero Payroll

Winner of CeBIT Top Business Solution Award – May 2012

Winner of CeBIT ICT Excellence Award – May 2012

Winner of Best Line of Business Application in 2012 Australian Mobile Awards – August 2012

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Testimonials

Being a rapidly expanding building and construction business, we needed a company of professionals that actually understood the pressures and concerns involved in not only running your own business, but also a business like ours with rapid growth…

Paul has been an integral member of our Melbourne based team since our formation three years ago. During this time Paul has provided us with a proficient and professional level of financial expertise one would expect in a far larger company than ours….

David Hoyle - Managing Director, The Big Boutique Pty Ltd

Paul is someone who I have worked closely with over the last 10 years both as a partner and key resource for our businesses. In that time Paul has delivered all aspects of our financial strategy on all major projects which has led to positive outcomes for our shareholders….

I met Paul McKinnon in 1999 and from that first meeting it was clear that Paul was highly intelligent and passionate about what he does. Since that time Paul has constantly demonstrated the skills necessary to succeed as a trusted financial service provider. …